Issue link: https://maltatoday.uberflip.com/i/1474708
Name Current Change %Change Open High Low Prev. Value Close US MARKETS NASDAQ 13,037.49 -344.03 -2.57 13511.75 13533.78 13032.17 13381.52 EUROPEAN MARKETS FTSE 7,251.31 -246.87 -3.29 7498.18 7498.18 7243.44 7498.18 CAC 6,451.79 -328.88 -4.85 6496.25 6617.09 6433.51 6780.67 DAX 13,854.52 -776.84 -5.31 13989.41 14221.71 13826.70 14631.36 ASIAN MARKETS SGX Nifty 16,141.00 -109.00 -0.67 17052.50 17115.00 15500.50 17063.00 Nikkei 225 25,970.82 -478.79 -1.81 26281.35 26357.58 25775.64 26449.61 Straits Times 3,276.06 -116.94 -3.45 3351.24 3363.17 3248.93 3393.00 Hang Seng 22,901.56 -758.72 -3.21 23268.03 23376.37 22786.39 23660.28 Taiwan Weighted 17,594.55 -461.18 -2.55 17939.53 17939.53 17561.07 18055.73 KOSPI 2,648.80 -70.73 -2.60 2689.28 2694.55 2642.63 2719.53 SET Composite 1,662.72 -33.73 -1.99 1683.92 1690.50 1656.62 1696.45 Jakarta Composite 6,817.82 -102.24 -1.48 6912.48 6929.91 6758.86 6920.06 Shanghai Composite 3,429.96 -59.19 -1.70 3474.37 3486.98 3400.21 3489.15 28 JULY 2022 7 MARKETS International Markets Global Indices Trading Date: 27 July 2022 FTSE 100 holds near session highs as US opens higher FTSE 100 held near session highs following a strong start to trading in the US. At 2.45pm the lead index was 50 points to the good at 7,356.28 with the broader FTSE 250 index up 92.27 points at 19,661.06. US stocks opened higher spurred by better-than-ex- pected tech earnings released after the bell yesterday as investors awaited the release of the Fed's interest rate verdict at 2pm Eastern. Just after the open, the Dow Jones Industrial Average had added 158 points at 31,919 points, while the S&P 500 was up 33 points at 3,954 points and the Nasdaq Composite was up 182 points at 11,745 points. OANDA senior market analyst Craig Erlam noted that there was plenty more to come from big tech, but first investors would hear from the Fed which was expected to hike interest rates by another 75 basis points. "[The Fed] finds itself in an uncomfortable spot, with markets now pricing in a relatively swift u-turn in 2023 from aggressive tightening to loosening in order to sup- port the economy," he said. "The Fed must walk a fine line as any validation of that will undermine its efforts to tighten and get a grip on inflation. Attention will be on its guidance over the coming months and how hawkish it will continue to be." Meanwhile, US durable goods orders rose unexpect- edly in June, jumping 1.9%, coming in far higher than the market expectation of a decrease of 0.4%. Pantheon Macroeconomics chief economist Ian Shep- herdson noted that the upside surprise in the headline number came from the aircraft component, with de- fence aircraft jumping 81% out of the blue. "These numbers are noisy, but that was exceptional, and it will likely mean-revert in July," he said. "Core capital goods orders rose 0.5%, in line with the recent trend, but probably about flat in real terms. The rate of growth has slowed markedly over the past year, and the summer likely will see a further softening, giv- en the decline in capex spending plans in the regional Fed surveys."